Dell Technologies (DELL) Gross Margin (2015 - 2026)

Dell Technologies' (DELL) quarterly Gross Margin came in at 17.75% in Q2 2026, down 337.0% YoY from 7.49% in Q2 2025, and down 11.96% on a QoQ basis from 20.16% in Q1 2026.

Dell Technologies (DELL) Gross Margin (2015 - 2026) Analysis & Trends

Dell Technologies (DELL) has 12 years of Gross Margin data on file, last reported at 17.75% in Q2 2026.

  • Quarterly Gross Margin fell 337.0% year-over-year to 17.75% in Q2 2026, while the trailing twelve-month figure through May 2026 was 19.07% (down 300.0% YoY) and the FY2026 annual result came in at 20.0%, down 224.0% from the prior year.
  • Gross Margin slipped to 17.75% in Q2 2026, from 20.16% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 24.28% in Q2 2023 to a low of 17.75% in Q2 2026.
  • A 5-year average of 21.73% and a median of 21.9% in 2024 frame the typical range for Gross Margin.
  • Annual changes were most pronounced in 2023 — Gross Margin surged 303 bps — and 2026, when it tumbled 356 bps.
  • Tracing DELL's Gross Margin over 5 years: stood at 23.09% in 2022, then gained by 1 bps to 23.37% in 2023, then decreased by 6 bps to 22.0% in 2024, then retreated by 6 bps to 20.71% in 2025, then decreased by 14 bps to 17.75% in 2026.
  • The last three Gross Margin figures came in at 17.75% (Q2 2026), 20.16% (Q1 2026), and 20.71% (Q4 2025), per Business Quant data.

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Historic Data

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